Notes Receivable

The following table shows the composition of our notes receivable balances (net of reserves and unamortized discounts) at the end of the 2013 third quarter and year-end 2012:



	At Period End
($ in millions)	September 30, 2013			December 28, 2012
Senior, mezzanine, and other loans	$	189		$	242
Less current portion	(52		)	(62		)
	$	137		$	180

The following table shows the expected future principal payments (net of reserves and unamortized discounts) as well as interest rates for our notes receivable as of the end of the 2013 third quarter:



Notes Receivable Principal Payments (net of reserves and unamortized discounts) and Interest Rates ($ in millions)	Amount
2013	$	23
2014	38
2015	75
2016	4
2017	2
Thereafter	47
Balance at September 30, 2013	$	189
Weighted average interest rate at September 30, 2013	4.7		%
Range of stated interest rates at September 30, 2013	0 to 8.0%

The following table shows the unamortized discounts for our notes receivable at the end of the 2013 third quarter and year-end 2012:



Notes Receivable Unamortized Discounts ($ in millions)	Total
Balance at year-end 2012	$	11
Balance at September 30, 2013	$	12

At the end of the 2013 third quarter, our recorded investment in impaired “Senior, mezzanine, and other loans” was $102 million, and we had a $92 million notes receivable reserve representing an allowance for credit losses, leaving $10 million of our investment in impaired loans, for which we had no related allowance for credit losses. At year-end 2012, our recorded investment in impaired “Senior, mezzanine, and other loans” was $93 million, and we had a $79 million notes receivable reserve representing an allowance for credit losses, leaving $14 million of our investment in impaired loans, for which we had no related allowance for credit losses. Our average investment in impaired “Senior, mezzanine, and other loans” totaled $104 million for the 2013 third quarter, $98 million for the 2013 first three quarters, $101 million for the 2012 third quarter, and $99 million for the 2012 first three quarters.

The following table summarizes the activity related to our “Senior, mezzanine, and other loans” notes receivable reserve for the 2013 first three quarters:



($ in millions)	Notes Receivable Reserve
Balance at year-end 2012	$	79
Transfers and other	13
Balance at September 30, 2013	$	92

We do not have any past due senior, mezzanine, and other loans as of the end of the 2013 third quarter.